Western Asset’s Investment Philosophy
Investment Philosophy
The value of a consistent approach.
Every market is different, but since 1971, Western Asset has managed risk and sought value in fixed-income through multiple business cycles and economic environments.
Our Philosophy: The Foundation of Our Business
Long-Term Fundamental Value
Markets often misprice securities, but prices typically adjust over time to reflect fundamentals. By systematically contrasting market prices to our research-driven estimates of fair value, we aim to identify and invest in undervalued securities, seeking attractive risk-adjusted returns.
Multiple diversified strategies
We pursue diversified sources of return in an effort to achieve or exceed investors' objectives within defined risk parameters. By allocating across duration, yield curve, sectors, countries, and currencies, with a disciplined security selection approach, we seek to enhance value and reduce volatility, ensuring no single strategy dominates performance.
Team-Based Approach
We believe that a collaborative, team-based approach is essential to successful investment management. By leveraging the diverse expertise and perspectives of our investment professionals, we are able to conduct more rigorous analysis, challenge assumptions, and make better-informed decisions. This collective process enhances our ability to identify opportunities and manage risk, while seeking superior outcomes for our clients.
A Time-tested Approach
Our global, fixed-income specialists utilize a team-based approach to active management emphasizing intensive proprietary research supported by robust risk management. Founded in 1971, Western Asset has deep experience investing across a range of fixed-income sectors and the proven ability to navigate a variety of market environments.
Investment Process: Our Proven, Time-Tested Philosophy in Action
Western Asset applies the same investment process in every occasion. We believe perpetually blending long-term value opportunities with multiple diversified strategies is key to meeting clients’ investment objectives within their risk tolerances. And our consistent approach helps eliminate the potential distraction of short-term market noise, as we focus instead on discovering areas of opportunity. Western Asset’s distinct market views and value-investing style distinguish the Firm from traditional bond managers, and have historically enabled us to deliver favorable performance outcomes for investors over the long-term.
We have over 50 years of experience. Our investment philosophy is grounded in a collaborative team-based approach that leverages long-term fundamental value investing and multiple diversified strategies in seeking to meet clients’ objectives.
